Here's why a Starbucks bear changed his tune and upgraded the stock
Reported by CNBC · cnbc.com · August 3, 2026
An analyst who has been skeptical of the coffee giant acknowledges that CEO Brian Niccol's turnaround is working, reinforcing our bullish thesis on the coffee chain.
What the tape says
What to watch: Starbucks Corp. (SBUX) was upgraded by an analyst — weigh the new price target against where shares already trade before treating it as new information.
Market reaction today: $SBUX +0.38%
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